The President, Dangote Group of Company, Aliko Dangote, has declared that the sugar arm of his company will invest over $600million in the production of sugar in Kebbi, Kwara and Sokoto states.
Dangote made this known during a visit to the Governor of Kwara state, Dr Abdulfatah Ahmed, where he expressed satisfaction with the government’s effort at revolutionising agricultural in the state.
According to him, his company intends to replicate what it did in the cement industry by targeting about 65million tonnes of sugar which he said could produce about one million jobs for the people.
Dangote emphasized that in the next five years; the company would produce and grow two million tonnes of sugar, as part of efforts to ensure that Nigeria is self-sufficient in consumables instead of depending on importation.
He said Nigeria was wasting quite a lot of money in the importation of about two million tons of sugar, adding that the company has identified Patigi local government area of the state for the sugarcane plantation.
Dangote further expressed the hope that by cooperating with people and Kwara state government, the project would take-off before the end of the year.
The Kwara state Governor, pledged that his administration was very committed to work with investors in the bid to transform the economic lives of the people.
Mr Ahmed also gave the assurance that his administration would create enabling environment for would-be investors to operate coupled with adequate security for the growth of the economy.
He noted that Nigeria would never get it wrong if it invests in agriculture as the northern part of the country was endowed with arable soil which could be utilized for agriculture as a foreign exchange earner for the nation.